FBND ETF — Fidelity Total Bond ETF

Fidelity Total Bond ETF (FBND)

FBND is an ETF that tracks the Actively managed diversified U.S. taxable bond portfolio. As of August 19, 2026, its distribution rate is 4.78%, its trailing-12-month yield is 4.75%, its expense ratio is 0.36%. Dividend Vision Distribution Safety Score™ is 98/100 (Safe). Fund total return is 33.8% over the past 11.9 years, 350.9 points behind SPY at 384.7%.

At the current 4.78% distribution rate, a $10,000 investment would generate approximately $478 per year, or $39.83 per month on an equivalent basis.

Fidelity Total Bond ETF is an actively managed fund that provides diversified exposure to U.S. taxable bonds across investment-grade, high-yield, and emerging market debt securities, with up to 20% allocated to lower-quality debt. The fund distributes income monthly at a current high distribution rate, and carries an expense ratio of 0.36%. It appeals to income-focused investors seeking broad bond market exposure with professional active management.

FBND performance versus SPY

Data as of August 19, 2026.

Fund total return is 33.8% over the past 11.9 years, 350.9 points behind SPY at 384.7%. Its deepest 1-year drawdown was 2.7%.

FBND key facts

Data as of August 19, 2026.

Distribution Safety Score™

98 · Safe

Safety-Adjusted Yield

4.68%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Fixed Income

Inception date

10/06/2014

Expense ratio

0.36%

Distribution rate

4.78%

Distribution frequency

Monthly

Trailing yield

4.75%

Last close

$44.90

AUM

$28,107,034,933

Average volume

2203731.0

Last dividend

$0.1790

Ex-dividend date

07/30/2026

Payment date

08/03/2026

Beta

0.99

P/E ratio

8.8938

How Dividend Vision calculates yield and returns

Distribution rate (4.78%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.75%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Fidelity Investments; Index: Actively managed diversified U.S. taxable bond portfolio; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FBND risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 2.7%.

Who may consider FBND — and who may not

FBND may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Fidelity Investments.